Expansion of the plastic recycling business and market through the TAG acquisition
First written in FY2024-Q2. 4 of 5 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1AdvancedAnnual report
「タッグ, which operates a PET bottle recycling business, recorded higher revenue as its customer base expanded, but profit declined due to soaring procurement costs.」
タッグ achieved higher revenue through customer expansion, while rising procurement costs led to lower profit, highlighting both business expansion following the acquisition and profitability challenges. - FY2025AdvancedAnnual report
「タッグ, which became a consolidated subsidiary in January 2024 and operates a PET bottle recycling business, has maintained strong performance, with awarded volumes and prices exceeding expectations.」
Following the consolidation of タッグ, awarded volumes and prices in PET bottle recycling exceeded expectations, confirming that strong performance has been maintained. - FY2025-H1AdvancedAnnual report
「タッグ, which became a consolidated subsidiary in January 2024 and operates a PET bottle recycling business, has performed well, driven in part by an increase in product sales volume.」
Following the consolidation of タッグ, increased sales volume of PET bottle recycling products and strong business performance were confirmed. - FY2024-Q3AdvancedAnnual report
「As the Company's consolidated subsidiary, (株)タケエイ, acquired shares of (株)タッグ, the company has been included in the scope of consolidation.」
The acquisition of 54.2% of タッグ, presented in the previous filing, was included in the scope of consolidation during the quarter. Because the deemed acquisition date was 31 December 2023, the acquired company's results were not included in the quarterly income statement, and only its balance sheet was consolidated. - FY2024-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 30 October 2023, the Company's subsidiary, (株)タケエイ, resolved to acquire 54.2% of the issued shares of (株)タッグ and make it a subsidiary. It signed a share transfer agreement on the same date and acquired the shares on 31 October 2023. By bringing the company, which has been engaged in the plastic recycling business for many years, under the Group's umbrella, the Company expects to expand new business relationships and markets, including general waste. Specifically, under the TRE Environmental Complex Business Concept (tentative name) being advanced in Ichihara, Chiba Prefecture, the Company plans to undertake the recycling of waste plastics collected in bulk by local governments. Through this transaction, it will promote the advancement of recycling technology by sharing technology and expertise.」
As a significant subsequent event, 54.2% of the issued shares of タッグ were acquired and the company was made a subsidiary. The plan was presented for the first time to incorporate its plastic recycling business base, centered on Hokkaido and the 6 Tohoku prefectures, expand new business relationships and markets including general waste, recycle waste plastics collected by local governments under the TRE Environmental Complex Business Concept in Ichihara, and share technology and expertise.